Credit Suisse set to launch China equity fund on 15 September, Citywire Switzerland can reveal.
The new strategy, Credit Suisse (Lux) China RMB Equity Fund, is designed to take advantage of growing demand for Chinese securities and the country’s growing middle class.
The lead manager Xiao Li joined Credit Suisse in May 2017 and focuses on Chinese equities and regional commodities. Prior to joining Credit Suisse, Xiao worked as a Greater China portfolio manager at Eastspring Investments under Prudential, an equity research analyst for Macquarie and CLSA, as well as a business analyst for BHP.
The manager of the fund is Lily Chang, who joined Credit Suisse in June 2017 and used to work manager at Hang Seng Investment Management, a wholly owned subsidiary of Hang Seng Bank.
She also used to work as analyst for ING Investment Management Asia Pacific and the Hong Kong monetary authority.
Credit Suisse is making a China credit push as a result of the economic reforms in the country and future inclusion of Chinese equity markets in major global indices, which could boost demand for Chinese securities.
Just recently the firm has launched Credit Suisse (Lux) China RMB Credit Bond fund for Citywire A-rated Adrian Chee and Lei Zhu. This strategy invests mainly in onshore RMB-denominated corporate and financial bonds on interbank bond market and exchanges.